Germany-based BASF, the world’s largest chemical company, has opened a new R&D centre in Ansan, South Korea. The new facility houses a Consumer Electronics Competency Centre and a combined R&D team from BASF’s recent acquisition of Belgium-based Solvay’s polyamide business.
Andy Postlethwaite, senior vice-president of performance materials, Asia-Pacific, at BASF, explained in a company press release: “The new facility is a clear signal of our commitment to support our customers in developing innovative solutions. Pursuing innovation in new products and applications is our goal. We will leverage the extensive know-how of the combined business to develop advanced customer-oriented material solutions, as well as to drive more projects with our customers.”
The company’s recent acquisition of Solvay’s polyamide business has strengthened the company’s R&D capabilities and enables it to better serve its customers in Asia-Pacific. The new R&D team in South Korea will complement the company’s existing R&D operations in Shanghai.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData